Canadian Oil & Gas Companies Weekly Update Oct 13 2019

Interesting News

  • Insignia Energy Ltd. working with Endeavour Projects Ltd. large compressor upgrade POUCE COUPE SOUTH
  • Murphy Oil Company working with Pioneer & Lanmark engineering on two compressor projects 04-05-066-19W5 and 06-06-065-17W5
  • Encana compressor upgrade in BC NTS C- 012-L/093-P-01
  • Crescent Point compressor upgrade Estevan 14-27-001-13W2
  • Rife Resources Ltd added 3 wells to pad 13-23-054-06W4 total 7 wells
  • Seven Gen new well pad with 7 well permits 04-22-062-04W6
  • Steelhead Petroleum Ltd. 3 well pad 16-32-033-23W3
  • Husky Energy 23 new well permits Lloydminster
  • My 3 go to accounts based on positive new well permit alerts are Storm Resources Ltd, Tamarack and ConocoPhillips

First Facility License since June 1 2019 (or greater)

  • Athabasca Oil Sands Corp_New Licence_Injection/disposal facility – water _AB_14-28-078-10W4
  • Gear Energy Ltd_New Licence_Oil battery – multiwell _AB_09-13-048-06W4
  • Huron Resources Corp_New Licence_Oil satellite – multiwell _AB_07-13-031-27W4
  • Insignia Energy Ltd._Licence Amendment_Gas battery – multiwell >_AB_
  • KICKING HORSE OIL & GAS LTD._New Licence_Gas battery – multiwell_AB_02-26-062-05W6
  • Sifton Petroleum Inc._New Licence_Oil battery – multiwell <_AB_16-08-046-02W5
  • TWP50 RESOURCES LTD._New Licence_Oil battery – single well < _AB_04-22-048-27W4

First Well License since June 1 2019 (or greater)

  • Barnwell of Canada, Limited_AB_RED DEER_TWINING_13-11-033-25W4_CRUDE OIL
  • CASTLEGATE ENERGY LTD._AB_RED DEER_PEMBINA_16-06-043-04W5_CRUDE OIL
  • MJOLNIR RESOURCES CORP._AB_St. Albert_WIZARD LAKE_15-29-048-27W4_CRUDE OIL
  • Summerland Energy Inc_AB_ST. ALBERT_UNDEFINED_13-30-079-11W5_CRUDE BITUMEN

First Wells Drilled Since June 1 2019 (or greater)

  • ACQUISITION OIL CORP._AB_HIGH LEVEL_CRANBERRY_16-06-095-05W6_CRUDE OIL
  • FORT HILLS ENERGY CORPORATION_AB_Bonnyville_UNDEFINED_15-20-096-10W4_NONE
  • MJOLNIR RESOURCES CORP._AB_St. Albert_WIZARD LAKE_15-29-048-27W4_CRUDE OIL
  • Pele Energy Inc._SK_Kindersley_VIKING FORMATION_09-14-028-18W3_CRUDE OIL

Rigs First Time Drilling Since Apr 1 2019

  • ACQUISITION OIL CORP._Ensign 555_AB_HIGH LEVEL_CRANBERRY_16-06-095-05W6_CRUDE OIL
  • Vermilion Energy Inc_Ironhand 5_AB_DRAYTON VALLEY_CARROT CR_14-16-053-13W5_GAS
  • Westbrick Energy Ltd_Nabors 11_AB_RED DEER_DEANNE_13-33-038-11W5_GAS

Other News

  • Tourmaline Oil Corp. (TSX:TOU) (“Tourmaline“) is pleased to announce the formation of Topaz Energy Corp. (“Topaz“), a new private royalty and infrastructure energy company. Tourmaline will sell to Topaz: a royalty interest on Tourmaline lands, a non-operated interest in two of Tourmaline’s existing 19 natural gas processing plants, and a contracted interest in a portion of Tourmaline’s current third-party revenue for total cash and share consideration of $775 million.
  • PetroFrontier Corp. announce that it has entered into a letter of intent and related term sheet with an arm’s-length third party funder whereby will provide funding to allow PetroFrontier to further develop its interests in the Cold Lake and Wabasca areas of Alberta.